peaq, the layer 1 blockchain for DePIN and Machine RWAs, shares the details of the integration of LayerZero, a leading omnichain interoperability protocol for EVM blockchains.
Peaq, LayerZero launch multi-blockchain collaboration
Ahead of the full-stack public launch, DePIN-centric layer-1 blockchain peak has entered into a strategic partnership with Low Zerothe largest interchain ecosystem providing access to more than 80 blockchains of different types.
It enables DePINs on peaq to seamlessly connect and access liquidity across all supported blockchains, giving them unparalleled presence and access across the Web3. This access will be critical for fostering growth, exploring synergies and collaborations across ecosystems, and onboarding new users from beyond the peak.
Kenny Zhang, Ecosystem Growth Lead at LayerZero, is excited about DePIN and peaq’s role in the next phase of Web3’s disruption:
The DePIN sector is setting Web3 on a promising new course, and its position as the leading DePIN blockchain in the space is obvious. DePINs will benefit greatly from broader Web3 access, strengthening their core offering of linking Web3 to real value with the unparalleled versatility of DeFi. We are happy to make this capacity available to DePINs that build on peaq.
peaq has long been committed to the vision of an interoperability-driven Web3, making peaq IDs, its self-sovereign machine identities, natively compatible with a range of other chains, including Ethereum, Solana and BNB Chain.
The LayerZero integration is another critical step toward this vision, allowing DePINs on peaq to access billions of limitless Web3 liquidity and data and interact with more than 54,000 applications on dozens of networks.
More liquidity options for tokens on peaq’s DePINs
Leonard Dorlöchter, co-founder of peaq, reaffirms the platform’s commitment to interoperability as the crucial benefit for all DePIN apps in its ecosystem:
We believe that interoperability is one of the crucial advantages that Web3 has over Web2. For DePINs, the ability to exchange data and liquidity with any dApp via Web3 is an essential power multiplier, giving them a competitive advantage over established Web2 companies. The LayerZero integration gives DePINs on peaq this edge, connecting them to the broader Web3 and furthering peaq’s position as the home of DePIN.
LayerZero enables decentralized applications to go omnichain, seamlessly exchanging data over the messaging protocol, regardless of which network each dApp is built on. It provides DePINs on Peaq with an all-in-one endpoint for communicating with omni apps via Web3.
Through LayerZero, DePINs on peaq can list their tokens on leading decentralized exchanges including PancakeSwap and Uniswap, interact with DeFi protocols such as Curve and AAVE, and connect to several other Web3 platforms.